this one is and has been a no brainer , page-14

My view on EQN has not changed - it will be, by 2008/9 a great mid-tear producer with a stock price above current levels.

But my view on the stock has also not changed - now is not the time to own EQN - In my opinion its going lower.

To hold and watch it fall is to sacrifice profit and even long term holdings are bailing out of the stock in a big way by the volume going thru lately. On top of this directors are selling as well – this from Canada's Financial Post “Michael Klessens, vice president finance and chief financial officer of Equinox Minerals Ltd. sold 120,000 company shares at $5.30 each on Oct. 29, 2007, bringing his total company holdings to 50,758 shares. Another Equinox Minerals Limited director, this time David Mosher exercised 200,000 options for company shares at 72¢ each on Oct. 31, 2007. He sold all of these shares on Nov. 1, 2007 at prices ranging from $5.15 to $5.23, bringing his total company holdings to zero.”

As stated in earlier posts, EQN cannot go against the copper market and copper will drift lower for some time.

Be careful about placing a lot of hope in the uranium story, if it ever happens it will certainly not be early in EQN mine life. The IAEA has yet to approve any export of uranium from Zambia and I know nothing of the process except it takes a long time and no country (including Australia) has ever completed the process in under 5 years. If you know anything about the political process in Zambia you would know that this from the Zambian Times newspaper is of more impediment: “Zambia has not given out any license for the mining of uranium because it is a dangerous mineral, the country's mines minister has said. Minister Kalombo Mwansa was responding to chief Munyumbwe's presentation to the House of Chiefs. The chief of Gwembe district told the house that his chiefdom has a lot of uranium deposits but that the government is not interested in requesting foreign investors to mine it.”

As I said, EQN is a great stock, but will be able to be purchased at prices below current levels. Another bounce in the stock will happen very soon, but unless the international copper market has recovered which is not expected until early next year, then the bounce will be very very short.

I have been wrong many times before – and this could be another - so we will see

DYOR